U.S. stock futures dipped while Treasury yields and the U.S. dollar climbed Wednesday following the release of the August inflation report. Futures on the...
U.S. stock futures dipped while Treasury yields and the U.S. dollar climbed Wednesday following the release of the August inflation report. Futures on the S&P 500 were marginally lower after the data, paring gains from earlier in the morning, although trading was volatile across markets. The yield on the 10-year Treasury note initially jerked higher, rising as much as 10 basis points to more than 4.360% before paring its gains. Bond yields move inversely to prices.
While a gauge of broad consumer prices showed an increase of 0.6% for August, just as economists polled by The Wall Street Journal had expected, another measure of so-called core prices, which excludes volatile food and energy prices, rose by 0.3%, a bigger jump than the 0.2% that had been expected. Analysts were quick to interpret the data as slightly hotter than expected.
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